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R-Arizona), and Lincoln's place of charter and principal place of business, California (Sen. Alan Cranston, D-Calif.).

ACC and Lincoln sought (and certainly received) no special favors in connection with or as a result of these meetings. Indeed, as described below, the primary effect of these meetings appears to have been to intensify the wrath of the FELB-67 and to proliferate unfounded public attacks on the integrity of these Senators.

On April 20, 1987, Lincoln received the confidential results of the 1986 FELBB 13-month examination. Lincoln's response, dated June 26, 1987, pointed out numerous factual and accounting errors. ♣ PH3-87's only reply was to propose to continue the examination, with a new accounting firm brought zeanalyze the FILLB-8T's thirteen months of work.

Shortly thereafter, an article appeared in the July 1987 issue of Ragazdia'a, a national publication, which disclosed the contents of the preliminary 1986 Examination Report, including confidential information concerning Lincoln and certain of its customers. The article stated that "the Bank Board has secretly concluded" that "Lincoln is msafe' and `a threat to its insurer." This articlò expressly acknowledged its sources to be the preliminary FMLBB 1986 Examination Report and other confidential internal documents and revealed that the author's six-month

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